In the west, the definining feature of the modern era is the development of all forces of modernity, i.e., science, reason, democracy, liberty and equality. Medieval is in fact a term that is used to describe a societal period that lacked all these features.
Answer: The impact of the Korean War on the Economy of the United States refers to the ways in which the American economy was affected by the Korean experience from 1950 to 1953. The Korean War boosted GDP growth through government spending, which in turn constrained investment and consumption.
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